House of Reps Ask EFCC To Arrest Promoters of MMM
I don't know why people are complaining too much about this MMM issue. If you are not ok with it and some people say they are very ok with the risk, why not leave them do their thing? The House of Reps has asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria. Lawmakers strongly opposed the money scheme, which lately gained popularity among Nigerians in the wake of the current economic recession in the country. MMM promises 30% return on investment for any money put into the scheme within 30 days. The investment scheme has a Russian origin and “involves directing clients to make money available for an anonymous person with a promise of 30 percent return within one month.” But House of Reps described the scheme as a “scam” and warned Nigerians not to be carried away by the “mouth-watering” returns on investments. Lawmakers warned that the “...